Elon Musk suggests the U.S. should privatize the Postal Service and Amtrak
Elon Musk suggests the U.S. should privatize the Postal Service and Amtrak
During a remote appearance at a technology conference in San Francisco, Musk told attendees the U.S. should privatize "as much as possible."
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Step 1: Privatize and sell it for peanuts to fellow billionaires Step 2: Watch it crumble Step 3: Buy it back for a fortune from the very same people you sold it
E:English
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I'm not sure they've thought past step 1 honestly.
They probably really think they can run it better.
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I don't think a national railroad company can really become profitable, that's why I suspect this is done in bad faith
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There’s no way national rail can be a profitable service, and certainly not without huge investments in infrastructure. It’s only the northeast corridor that’s profitable, but quite a few other places can be but only after huge infrastructure investments. Those investments are coming from a wholly private company.
Technically Amtrak already is a private company, but owned by the Department of Transportation. Those owners need to pony up for rail infrastructure the same way they’ve always ponies up for highways infrastructure.
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